Dr. Mark: Ok. Here is my list: US Bonds coming home to roost, Brexit, Naval operations in Med/Pacific, Mosul/Fallujah, Deutsche Bank, ECB challenges, the Kurds impatience....
And, according to a friend….there are still 3 mechanical steps that need to occur for this to go. Unfortunately, we have not been informed as to what those 3 steps are...sorry!
He also shared this quote from CNBC today...
."The European banks under their Basel regulations, much like our Dodd-Frank, are forced to hold a certain amount of assets on their balance sheet [and] those assets have to be government-issued debt.
So they're forced to own those assets."
AdminBill: (Late Tuesday Night) CURRENT NEWS: AGREEMENTS IN PLACE - LOOK TOWARDS THE 15TH AND 16TH AS I REPORTED EARLY LAST MONTH. GOOD NIGHT.
rcookie IN THE LAST 10 DAYS...THEY ANNOUNCED THEY ARE GOING TO RAISE SOME OF THE TAXES APPLIED TO CERTAIN GOODS EFFECTIVE JUNE 15TH.... AND WOULD BE PUBLISHING THOSE RATE INCREASES IN ENGLISH AT SOME POINT PRIOR TO IMPLEMENTATION..
SUNDAY THEY ANNOUNCED DELAYING THE APPLICATION OF THE NEW INCREASES UNTIL THE 25TH OF JUNE...
THE EXISTING 2010 CUSTOMS TARIFFS ARE CONTINUED TO BE COLLECTED...
WE HAVE SEEN IN LAST 10 DAYS THE REOPENING OF JODAN BORDER CROSSING AND THE KURD/SYRIAN BORDER CROSSING...AND IMO THEY ARE BRINGING THOSE ON LINE
Walkingstick: CBI News and announcements
( Statement ) received Mr. Governor of theCentral Bank of Iraq , Ali Mohsen Ismail Keywords in his office in Baghdad Tuesday 14 in June 2016 , Mr. German economic adviser to Mr. "Joerg Asmussen"
To / licensed banks all / all / broker for the sale and purchase of foreign currencies all companies money transfer companies ( cash sales )
The central bank issued a statement regarding a meeting with representatives of the Governor of the Bank Association of Banks
Last updated 06/15/2016
The CBI on Wednesday issued a statement regarding a meeting with representatives of the Governor of the Bank of association of private banks and the Iraqi as follows ..
To meet with Governor of the Central Bank of Iraq
He met with Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail On Sunday 12/6/2016 with a delegation from the Iraqi private banks association and a number of trainees from those banks to the work of money laundering and financing of terrorism, which was held by the Association of private banks and in collaboration with Iraqna economic and administrative services, and training (ACAMS)
the governor emphasized the establishment of these trainees with private banks staff jobs money laundering and stressed the importance of cooperation between the Bank and the Association thanked sovereignty efforts and the importance of these training sessions and also thanked the Association to prepare a book containing the full laws of the Central Bank, banks and the laws of coins and Securities Commission
Walkingtick: Iraqi trade talks with Citibank to develop relations
JUNE 14, 2016
Search Director General of the Trade Bank of Iraq, Faisal Sam Alheims with Conception Flannery, Managing Director of the Office of Citibank in Iraq examine how which will develop and strengthen banking relations and financial exchanges between Citibank and the Trade Bank of Iraq, as well as lifting the barriers that stand in the way of traffic and movement of money Iraqi around the world).
He said a statement received (time) yesterday that (the meeting between the two sides is part of the bank's policy of developing relations with major international banks and financial institutions around the world and the recruitment and use these relations to serve the customers the bank and the provision of advanced banking services on a global level and to meet the development and reconstruction requirements the reconstruction of areas affected by the terrorist attacks).
Mountainman: AWESOME WS.......No MORE Stopping and Starting......IRAQ is MOVING FORWARD......(NOT) Backwards......TIMING is KEY......and INTERNATIONAL BELLS are RINGING.......
The WEDDING is NEAR and The DANCING in the Streets Are Speaking Loudly......
Blessings,Mountainman (8)=New Beginnings......for DANCING in the STREETS....
Walkingstick: Baghdad says Kirkuk’s break away from Iraq ‘unacceptable’
Posted on June 15, 2016 by Editorial Staff in Kirkuk, Politics
KIRKUK, Iraq,— Kirkuk is a longstanding unresolved issue between the Kurds and Baghdad. It has been described as the Jerusalem of Iraq and sometimes as a powder keg that will remain a threat to the country even if all other political issues are solved.
After the removal of Saddam Hussein’s regime in 2003 there was hope that this issue would be resolved, especially after the Kurds and American added Article 140 to the Iraqi constitution that said the province’s transformed demographics be reversed to its old reality before giving the people the chance to decide their future in a referendum.
By 2007 Article 140 was supposed to have been fully implemented and Kirkuk was expected to be either part of Iraq or the Kurdistan Region, officially. That did not happen.
Now the governor, Najmaldin Karim, talks of breaking with Baghdad and forming an independent region for Kirkuk. He is disappointed with the central government for not paying the province any of its petrodollars for a year and a half, practicing discrimination against the local Kurdish, Arab and Turkmen population in employment opportunities and meddling too much in local administrational affairs.
Karim says he would pursue this project relying on the inhabitants of the province and that he has spoken about it with Kurdish leaders in Erbil, with Iran, Turkey, US, EU and the UN.
Ahmad Askari, a member of the provincial council shares the governor’s frustrations, saying, “Baghdad trades on Kirkuk’s oil and we do not see the revenue,”
Askari hints at breaking away from Baghdad by saying that with its oil resources Kirkuk can live happily on its own.
“All of Kirkuk’s revenue goes to Baghdad but they do not share any of it with us,” he told Rudaw. “If they let us we can afford our life with our internal income and oil sales that can provide enough for a living and salaries.”
At this point however, an independent Kirkuk region is only an idea and nothing near a formal proposal.
“The idea of Kirkuk independence has not been officially discussed or proposed anywhere,” says Rebwar Talabani, acting head of the provincial council. “The governor of Kirkuk has spoken about the options and alternatives for the future of Kirkuk, including independence of Kirkuk.”
Talaabani said that they believe Baghdad is practicing a bad policy towards Kirkuk “and using the province as a trump card against KRG [Kurdish government],”
The Kurds fought Iraq militarily and constitutionally for decades over Kirkuk which they want to be part of the Kurdistan Region that has been autonomous for a quarter century.
Others believe that turning Kirkuk into an independent region would make it almost impossible in the future to become part of Kurdistan
“A Kirkuk region will have its own parliament, government, presidency and judicial system, just like the KRG once these institutions are well established, the two regions will diverge and evolve independently. Thereafter, a reunion with KRG become irrelevant, if not impossible” Professor Dalawer Ala’Adeen, President of Erbil-based the Middle East Research Institute (MERI) told Rudaw.
Yet some argue that an independent Kirkuk would put the Kurds in a stronger position vis-à-vis Baghdad.
“From the Kurds perspective, interestingly, if there is to be a confederal Iraq, with several sovereign regions coming together, then it may be in the Kurds’ interests to have Kirkuk exist as another separate, Kurdish-associated, region, which would then give the Kurds heightened power in any confederal assembly in Baghdad,” said Gareth Stansfield, Professor of Middle East Politics at the Exeter University.
The Turkmen population who a decade ago strongly opposed any such project and remained committed to Baghdad, also appear to be for an independent region which they see as a solution or at least a good transition.
“We find it necessary to have an independent region for Kirkuk, but only for eight years, and then it is going to be possible to hold a referendum in this city,” Riyaz Sari Kahiya, a Turkmen lawmaker in Kirkuk, told Rudaw. “After the eight years, the people can decide their future on whether to stay with Baghdad or join Kurdistan, or stay as an independent region forever.”
Hassan Toran, a Turkmen MP in the Iraqi parliament also believes that “proposing a federal region for Kirkuk is constitutional,”
Talabani explains that what brought the Arabs and Turkmen to the side of an independent region was the arrival of the Islamic State (ISIS) and the threat it poses to Kirkuk.
For its part, the International Crisis Group (ICG) which has been researching and writing on Kirkuk for a decade and its potential for conflict due to its multiethnic structure believes that a good option would be a joint Erbil-Baghdad responsibility for Kirkuk.
“We at the International Crisis Group have long held the position that for the sake of its diverse population Kirkuk should be the shared responsibility of the Iraqi federal government and the Kurdish regional government,” Joost Hiltermann, head of the Middle East and North Africa at ICG told Rudaw. “Various models are possible, but that’s the basic principle. The zero-sum game mentality nurtured by both sides can only lead to perpetual conflict,”
Whether it the idea of an independent region comes to fruition or not, observers believe deciding the future of the province is not an easy task. “Kirkuk Province is complex and hard to govern,” warns Dr. Ala’Adeen of MERI. “There are many stakeholders who need to be engaged before its future is determined. Any hasty decision without careful planning may lead to disastrous consequences.”
Stansfield who had served as a Senior Political Adviser to the United Nations Assistance Mission for Iraq (UNAMI) in 2009 believes the situation has been too politicized. “Regarding all sides working together, it is a nice idea, and Kirkuk has a long history of fairly decent inter communal relations (although with some appalling moments of violence too). But the situation is now so politicized that I fear notions of cross communal governance coming together in Kirkuk may be difficult to implement.”
As governor Karim hopes to sell his idea for an independent region to the local population and regional powers, as he put it in a Rudaw interview this week, the Iraqi side remains as opposed to any such plan as has ever been.
“This is unacceptable and unconstitutional,” Iraq’s former Iraqi national security advisor Moffak Al-Rubaiyee told Rudaw. “Kirkuk should enjoy its unique status as a federal unit within Iraq and according to the constitution.”
“Kirkuk is part of Iraq and does not have any special relations with KRG,” Al-Rubaiyee said.
Even Iraq’s Sunnis who briefly appeared to advocate a federal region of their own, oppose the idea. “I do not accept nor like the idea of making Kirkuk an independent region and do not like this for other Iraqi provinces including Basra,” says Anbar governor Suhaib al-Rawi.
Some Kurds too are against the idea of an independent Kirkuk region, not for the sake of Iraq’s unity, but journalist and analyst from Kirkuk argues, anything other than its outright attachment to Kurdistan will undo what the Kurds have been fighting for over the years.
“It should be quite clear for both the Kurdish public and also those who favor an autonomous region for Kirkuk that this option is the single largest threat against the long-term strategy of the Kurdish nationhood in the Middle East,” Qurbani wrote in a column on Rudaw this week. “It also poses immediate threats to the geography of Kurdistan and the Kurdish population in Kirkuk.”